Washington, DC, June 2, 2025-- On Tuesday, June 3, 2025, members of the Equipment Leasing and Finance Association (ELFA) will meet with lawmakers on Capitol Hill as part of Capitol Connections 2025—the association’s signature annual advocacy event. The fly-in brings together industry leaders from across the country to advocate for smart policies that support small businesses, capital investment, and American jobs.
This year, ELFA members will urge Congress to:
- Repeal Section 1071 of the Dodd-Frank Act, which imposes costly and burdensome data collection requirements that hinder access to capital for small businesses.
- Restore 100% expensing, allowing businesses to fully and immediately deduct the cost of equipment purchases—an essential driver of investment and productivity.
- Reinstate the full deductibility of business interest, which is critical for financing equipment and infrastructure that keeps the U.S. economy competitive.
“Our message is simple: Support policies that empower small businesses, not regulations that tie their hands,” said Leigh Lytle, ELFA President and CEO. “Section 1071’s one-size-fits-all mandates threaten to chill small business lending. Congress can and should fix that. Likewise, restoring 100% expensing and full interest deductibility will strengthen Main Street by encouraging capital formation and growth.”
Approximately 150 ELFA members are expected to participate in over 100 meetings with House and Senate offices to discuss how these policies directly affect jobs and economic development in their communities. ELFA members will share key findings of a new study from the Equipment Leasing & Finance Foundation, “The Effect of the Tax Cuts & Jobs Act on Leasing: Evidence from the Past with Implications for the Future,” that provide data-based analysis of the need for Congress to support the association’s requested actions.
Capitol Connections 2025 highlights the industry’s commitment to responsible financing solutions for U.S. businesses across every sector—from agriculture and construction to health care and technology.
About ELFAThe Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s over 600 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at
www.elfaonline.org.
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